- Sales decrease considerably particularly as a result of currency effects
- Earnings significantly exceed prior-year level
- Strict fixed cost management and efficiency measures decisive for earnings improvement
Construction Chemicals – Sales by region (Location of customer)Enlarge image
In the Construction Chemicals division, sales to third parties decreased by €195 million in 2013 to €2,120 million. This was particularly attributable to negative currency effects (volumes –2%, prices 1%, portfolio –2%, currencies –5%).
In Europe, sales decreased primarily on account of the divestiture of individual businesses in addition to declining market development. We were able to significantly increase sales in Russia, bucking the industry trend. In the Middle East, particularly in Saudi Arabia, we also achieved a considerable sales increase thanks in part to positive development in construction activity. Sales in Asia declined significantly. This was mostly because of negative currency effects and decreased demand, especially in China. Our sales volumes in Japan and Southeast Asia rose compared with the previous year. With prices stable, currency effects in North America led to lower sales.
Income from operations before special items considerably exceeded the level of 2012. Strict fixed cost management and further efficiency measures were decisive in this development.